Union Minister for Rural Development Shri Birender Singh signed a loan agreement with World Bank for the Neeranchal National Watershed Project. The Neeranchal project was approved by the cabinet in October last year with a total budget outlay of Rs.2142 crore with the Government share of Rs.1071 crore and the rest 50% by the World Bank.
- The project to be implemented by the Ministry of Rural Development over a six-year period (2016-21) will support the Pradhan Mantri Krishi Sinchayi Yojanain hydrology and water management, agricultural production systems, capacity building and monitoring and evaluation.
- Shri Singh informed that 12% of the area which can be called as wasteland will be targeted through this project to make about 336 lakh hectares of land arable.
Neeranchal National Watershed Project :
The Neeranchal National Watershed Project for India seeks to support the Integrated Watershed Management Programme (IWMP) through technical assistance to improve incremental conservation outcomes and agricultural yields for communities in selected sites, and adoption of more effective processes and technologies into the broader IWMP in participating project states.
Key points :
- World Bank HQ: Washington D.C, US
- World Bank President : Jim Yong Kim
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